here now is randy krozner. he is our favorite former federal reserve governor. professor of economics at the university of chicago, booth school of business. as always, randy, welcome. look, we know that the demand for dollars among banks, depositors in europe, businessmen and women, corporations there is a humongous demand for dollars right now because they don't trust their own situation. question, will the federal reserve put more dollars into europe? will they conduct more dollar swaps, randy? >> well, they already have a big facility open with the european central bank. so they actually don't have to do any more in order to allow more dollars to get there. the european central bank just has to ask for it, and it will come forward. and my guess is they'll be doing a lot of asking. >> is there a limit to that swap? >> i think basically they can get as much as they want. and fortunately from the fed's perspective their risk is not with the individual borrowers in europe. it's just with the european central bank. that pretty much eliminates the risk -- any cred